Tuesday, February 3, 2009

February 3rd Update


DIA- after a drop from 84 to 79, from my point of view i won't consider any short position, but it is not the place for a long trade. Any long position under 84 will be consider as very short term .


GLD- the gold in my opinion is a bubble but like any bubble can still go much more higher.
A good ETF for the short side is the GLL the double short .




EUR/USD- the dollar is in clear up momentum against the euro , braking the 1.24 we can see much lower prices. long position against the dollar only above 1.32